PUBLISHER: DataM Intelligence | PRODUCT CODE: 1074152
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1074152
The global absorbent glass mat (AGM) battery market has reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.
An absorbent glass mat (AGM) is a kind of advanced lead-acid battery that outperforms traditional lead-acid batteries in terms of power. The construction of AGM batteries is similar to that of regular sealed lead-acid (SLA) batteries, except that a fiberglass mat is inserted between each negative and positive plate to absorb the electrolyte. The battery becomes non-spillable because the mat functions as a sponge for the electrolyte.
AGM batteries are exceptionally vibration resistant, completely sealed, non-spillable and require no maintenance. In addition, AGM delivers superior cycling performance, less gassing and less acid leakage than traditional lead-acid batteries. Most AGM batteries are mid-sized, with powers ranging from 30 to 100Ah. As a result, the technology is commonly used as a sealed lead acid battery to reduce weight and enhance reliability in military aircraft, cars and UPS.
The broad adoption of the stop-start system in modern vehicles drives the global absorbent glass mat (AGM) battery market. However, absorbent glass mat (AGM) batteries' sensitivity to overcharging impedes their market growth.
The broad adoption of the stop-start system in modern vehicles
Most current cars have a stop-start system that turns off the engine when the vehicle is motionless, reducing fuel consumption and pollution. When driving at low throttle loads, descending hills, or decelerating from greater speeds in hybrid cars, the same system may shut down the combustion engine. When the clutch is engaged, the brake is removed, or the driver is ready to move or accelerate again, the engine restarts.
Stop-start is also designed to reduce pollution in metropolitan locations where traffic is more likely to remain stationary. Therefore, there are more benefits to the systems than monetary ones, despite the benefit to drivers' fuel usage. In Europe, new automobiles are increasingly equipped with a start/stop system, which reduces fuel consumption at a minimal cost. Further, the European Union (EU) has set a target of 130g CO2/km for CO2 emissions per vehicle kilometer by 2015 to lower it to 95g CO2/km by 2020.
Absorbent glass mat (AGM) batteries are the ideal solution for start-stop car technology, which has gained popularity in Europe and is now making its way to U.S. AGM batteries have three times the cycle stability of conventional batteries. In addition, the batteries are built to withstand the continuous load discharge and charging cycles necessary by start-stop systems and can fulfill the vehicle's power demands even when the engine is turned off.
Absorbent glass mat (AGM) batteries' sensitivity to overcharging impedes their market growth
Like other gelled and sealed devices, AGM batteries are susceptible to overcharging. The batteries can be charged to 2.40V/cell and higher without difficulty. However, the float charge should be lowered to 2.25 and 2.30V per cell. In general, automobile charging systems have a fixed float voltage setting of 14.40V (2.40V/cell) and replacing it with a sealed unit could cause problems by overcharging the battery on a long drive.
Furthermore, AGM and other sealed batteries are susceptible to heat and should be kept out of the engine compartment. If the battery core hits 49°C, the manufacturer recommends stopping the charge.
COVID-19 Impact Analysis
The COVID-19 epidemic has had a direct and devastating impact on the global automotive industry. Large-scale manufacturing disruptions occur across Europe and assembly factories in U.S. are closing. In addition, Chinese parts shipments are being disrupted. As a result, this puts much pressure on a sector that is already haggling with a downturn in global demand. It will almost definitely lead to more acquisition and merger activity.
Based on application, the global absorbent glass mat (AGM) battery market is segmented into automotive, energy storage, UPS, industrial and others.
An absorbent glass mat (AGM) battery is an improved lead-acid battery that provides more power to handle today's automobiles. AGM batteries are a great premium option for high-end and advanced fuel-efficient vehicles with high power demands and consumers looking for improved battery reliability and longevity. The demand for a battery is increased by electronic gadgets such as DVD players, GPS and audio systems.
Moreover, AGM batteries are typically found in supercars and other premium vehicles to power-hungry power extras like heated seats, steering wheels, mirrors and windshields. For example, NASCAR and other auto racing leagues use AGM products because they are vibration resistant. In addition, AGM batteries are the recommended battery for high-end motorcycles. Because AGM is sealed, it eliminates acid spillage in the event of an accident, decreases weight while maintaining performance and allows installation at awkward angles.
Based on geography, the global absorbent glass mat (AGM) battery market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa.
Europe holds a substantial proportion of the global AGM battery market, owing to its prominence as an electric vehicle hub. According to the International Energy Agency report, in 2020, electric car registrations have increased by more than doubled to 1.4 million, representing a 10% market share. Germany registered 395 000 new electric cars in the major market, whereas France registered 185 000. Further, registrations in the UK more than doubled, reaching 176 000. Electric automobiles have a record high sales share of 75% in Norway, up almost one-third from 2019.
Moreover, the market for AGM batteries in Europe is driven by a high level of environmental awareness and tough government regulations by the European Union (EU) to enhance battery consumption. For instance, the EU set 2020 as a target year for CO2 emission standards that limit the average carbon dioxide (CO2) emissions per kilometer driven by new cars. In addition, many European governments extended EV subsidy plans as part of stimulus packages to combat the consequences of COVID-19.
The global absorbent glass mat (AGM) battery market is highly competitive and moderately consolidated with multinational and local brands. Major companies include Clarios, Exide Technologies, Robert Bosch GmbH, Power-Sonic Corporation, C&D Technologies, ODYSSEY Batteries, East Penn Manufacturing Company, Fullriver Battery, Universal Power Group and EnerSys, among others. Further, the companies have implemented several growth strategies to increase their market position. For instance, expansion, product development, acquisition, collaboration and merger are the growth methods these companies use to improve their product portfolios and geographical presence to address the growing demand for absorbent glass mat (AGM) batteries.
Overview: Clarios is a U.S.-based global company specializing in developing and supplying energy storage solutions. It is a subsidiary of Brookfield Business Partners, headquartered in Wisconsin, U.S. Varta, Optima, Heliar, Delkor, LTH and Bateras Mac.
Product Portfolio: Clarios was the first to introduce the Absorbent Glass Mat (AGM) battery to the automotive market in 2001. It now offers AGM solutions that can handle the toughest applications and keep up with today's vehicles' rising electrification.
In January 2022, Clarios announced a new safety-critical battery, Clarios Smart AGM (absorbent glass mat), available for electric vehicles in two to three years. The battery will continuously monitor its performance, give continuous low-voltage power to optimize the low-voltage power supply's performance, predict the need for battery repair and provide safety-critical activities.
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